Weekly structural research · SHH · Consumer Cyclical

603665 Stage Analysis

ZheJiang KangLongDa Special Protection Technology Co., Ltd

Week ending 9 Oct 2026Close CNY 25.07Tenure EstablishedBenchmark 000001.SS

Screen this regime Supporting research Report data ↗

Executive diagnosis

What the Activity Line geometry says now

Structure, not prediction

Downward Expansion · Established contraction

The weekly architecture is expanding downward.

Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation.

The Trend gate is down within the current regime.
Fast Activity versus Slow Activity: improving.
Activity structure: moderate and contracting.

Direction -19−100 bearish to +100 bullish

Energy 19/100directional strength

Maturity 97/100lifecycle context

Confidence 75/100evidence agreement

Trend gate Downstructural direction

Activity structure Moderatecontracting separation

Price acceptance -16.7%position within the Activity structure

Fair Value context +9.5%CNY 22.90 · weakening

Trend Architecture map · Historical context

Weekly close, Activity, Trend and Fair Value

Follow price and Trend first, then add Activity Lines to inspect the structure. Subtle bands show the regime recognized at each completed observation; the dashed line marks current Fair Value, not a historical forecast.

CloseTrendCurrent Fair Value

Background stage key

BalanceDirection is contained.
Rotation UpStructure is turning higher.
Upward ExpansionUptrend is established.
DecelerationUptrend is losing energy.
Rotation DownStructure is turning lower.
Downward ExpansionDowntrend is established.

View chart values · 156 observations

Week	Close	Trend	Relative Strength	Volume	Regime	Direction	Energy
2026-10-09	25.07	25.62	-6.60	9903687	Downward Expansion	-19	19
2026-10-02	23.35	25.85	-13.77	18056255	Downward Expansion	-45	33
2026-09-25	22.37	26.18	-18.52	11775199	Downward Expansion	-50	42
2026-09-18	21.26	26.51	-23.28	12536486	Downward Expansion	-65	54
2026-09-11	21.39	26.89	-22.65	13284144	Downward Expansion	-65	56
2026-09-04	22.22	27.48	-20.96	4556900	Downward Expansion	-66	60
2026-08-28	20.69	27.96	-27.06	4647400	Downward Expansion	-75	85
2026-08-21	20.92	28.48	-25.68	1719248	Downward Expansion	-75	87
2026-08-14	21.80	28.97	-23.40	1194500	Downward Expansion	-71	85
2026-08-07	22.45	29.28	-21.73	1896000	Downward Expansion	-68	83
2026-07-31	21.24	29.59	-24.15	2735665	Downward Expansion	-82	85
2026-07-24	21.41	29.93	-23.42	3342000	Downward Expansion	-83	70
2026-07-17	24.97	30.21	-9.82	3834150	Downward Expansion	-69	45
2026-07-10	26.68	30.41	-9.36	2036092	Downward Expansion	-57	35
2026-07-03	27.75	30.54	-6.94	2976896	Downward Expansion	-55	41
2026-06-26	26.30	30.67	-11.60	2833696	Downward Expansion	-64	59
2026-06-19	28.61	30.92	-5.42	12300391	Downward Expansion	-56	54
2026-06-12	26.03	31.00	-12.80	1754092	Downward Expansion	-68	61
2026-06-05	26.74	31.04	-10.61	3379148	Downward Expansion	-63	39
2026-05-29	26.85	31.05	-11.40	15907196	Downward Expansion	-52	25
2026-05-22	30.28	31.01	-1.25	33187950	Deceleration	-35	22
2026-05-15	30.30	30.84	-1.51	16833689	Deceleration	-15	16
2026-05-08	30.59	30.70	-1.24	12923782	Rotation Down	-28	26
2026-05-01	28.24	30.60	-6.97	14567464	Rotation Down	-34	48
2026-04-24	26.15	30.52	-12.85	16875448	Rotation Down	-46	56
2026-04-17	28.15	30.53	-5.17	15833502	Rotation Down	-26	41
2026-04-10	28.55	30.49	-1.72	9901528	Deceleration	-24	35
2026-04-03	28.84	30.50	2.56	12540200	Deceleration	-23	27
2026-03-27	30.12	30.43	6.87	15229335	Deceleration	3	16
2026-03-20	29.29	30.30	3.42	14245727	Deceleration	9	18
2026-03-13	31.91	30.23	9.52	13946200	Deceleration	31	23
2026-03-06	33.40	30.05	14.71	15850358	Upward Expansion	41	25
2026-02-27	32.05	29.78	9.90	12838090	Upward Expansion	56	37
2026-02-13	32.84	29.52	15.56	31199418	Upward Expansion	60	51
2026-02-06	38.95	29.25	38.86	19683565	Upward Expansion	78	80
2026-01-30	36.53	28.78	30.43	26463572	Upward Expansion	72	72
2026-01-23	36.32	28.39	30.69	36016756	Upward Expansion	76	68
2026-01-16	35.83	28.04	31.47	24330399	Upward Expansion	79	55
2026-01-09	30.93	27.62	14.51	19515933	Upward Expansion	43	30
2026-01-02	31.74	27.43	23.25	8137944	Upward Expansion	61	39
2025-12-26	31.38	27.23	23.41	11547096	Upward Expansion	60	38
2025-12-19	30.08	27.05	21.86	14230228	Upward Expansion	57	42
2025-12-12	30.79	26.83	25.90	12332988	Upward Expansion	63	72
2025-12-05	30.76	26.53	26.47	12894096	Upward Expansion	65	77
2025-11-28	31.59	26.16	31.54	25947148	Upward Expansion	68	77
2025-11-21	33.62	25.75	43.36	44553385	Upward Expansion	84	79
2025-11-14	31.04	25.23	28.69	28298816	Deceleration	74	53
2025-11-07	27.20	24.73	13.73	16395755	Deceleration	49	21
2025-10-31	27.08	24.35	15.18	16476528	Deceleration	37	17
2025-10-24	25.60	24.01	9.83	12282024	Deceleration	28	14
2025-10-17	25.36	23.73	12.66	14006096	Deceleration	29	15
2025-10-10	26.12	23.48	15.27	5664700	Deceleration	38	22
2025-10-03	27.55	23.20	22.99	7867585	Upward Expansion	50	30
2025-09-26	25.73	22.85	17.41	10727442	Upward Expansion	44	34
2025-09-19	26.65	22.57	22.68	13262090	Upward Expansion	57	45
2025-09-12	26.80	22.29	22.67	13123816	Upward Expansion	60	48
2025-09-05	28.99	21.93	35.65	21590093	Upward Expansion	79	68
2025-08-29	26.70	21.46	24.57	16961102	Upward Expansion	63	56
2025-08-22	26.14	21.06	23.91	10162760	Upward Expansion	59	49
2025-08-15	27.20	20.73	34.46	11399112	Upward Expansion	72	52
2025-08-08	26.41	20.26	33.98	10859476	Upward Expansion	67	46
2025-08-01	25.32	19.81	32.18	12958176	Upward Expansion	52	40
2025-07-25	24.27	19.41	25.98	7162168	Upward Expansion	47	40
2025-07-18	24.68	19.09	29.68	9758647	Upward Expansion	50	45
2025-07-11	25.01	18.80	31.87	10085208	Upward Expansion	63	51
2025-07-04	24.67	18.53	31.25	16353048	Upward Expansion	62	54
2025-06-27	25.85	18.28	39.48	15526000	Upward Expansion	73	64
2025-06-20	23.26	17.97	28.23	16634144	Upward Expansion	67	79
2025-06-13	25.27	17.74	38.63	30190668	Upward Expansion	71	89
2025-06-06	25.85	17.40	41.82	15642700	Upward Expansion	84	93
2025-05-30	26.02	17.10	44.73	18903892	Upward Expansion	92	96
2025-05-23	23.33	16.72	30.13	35605588	Upward Expansion	85	87
2025-05-16	21.96	16.44	21.90	21416693	Upward Expansion	79	77
2025-05-09	19.40	16.17	8.66	17854364	Upward Expansion	63	55
2025-05-02	19.32	15.98	10.23	13927616	Upward Expansion	64	33
2025-04-25	18.05	15.86	2.35	15443402	Upward Expansion	44	19
2025-04-18	16.26	15.76	-7.48	12340092	Upward Expansion	30	17
2025-04-11	15.73	15.65	-9.69	17782288	Upward Expansion	30	16
2025-04-04	16.84	15.57	-6.70	13649378	Upward Expansion	53	33
2025-03-28	17.03	15.47	-6.34	10349117	Upward Expansion	57	42
2025-03-21	17.93	15.36	-2.24	13492133	Upward Expansion	64	58
2025-03-14	17.87	15.19	-4.61	20275947	Upward Expansion	65	66
2025-03-07	16.92	15.06	-8.93	19859200	Upward Expansion	57	62
2025-02-28	17.39	14.98	-5.86	58268529	Upward Expansion	62	58
2025-02-21	18.14	14.98	-4.10	40370189	Balance	61	45
2025-02-14	16.23	15.16	-13.65	24401088	Balance	16	17
2025-02-07	14.63	15.40	-21.50	8618448	Balance	-25	12
2025-01-31	14.95	15.68	-19.16	6860200	Downward Expansion	-39	24
2025-01-24	15.99	15.87	-14.35	28776572	Downward Expansion	-42	41
2025-01-17	13.23	16.01	-29.61	12099533	Downward Expansion	-62	62
2025-01-10	13.01	16.26	-29.96	7910365	Balance	-66	48
2025-01-03	13.18	16.51	-31.15	7652092	Balance	-50	30
2024-12-27	14.72	16.77	-28.76	11465425	Balance	-28	14
2024-12-20	15.91	17.00	-23.46	14246524	Balance	-3	13
2024-12-13	16.96	17.16	-20.13	22441613	Balance	4	18
2024-12-06	17.10	17.24	-20.52	59951776	Balance	4	16
2024-11-29	16.55	17.30	-21.95	31313114	Balance	0	16
2024-11-22	16.40	17.39	-21.93	26463132	Downward Expansion	-8	16
2024-11-15	15.24	17.47	-29.52	21446612	Downward Expansion	-30	22
2024-11-08	16.81	17.56	-25.79	49316917	Downward Expansion	-27	18
2024-11-01	14.70	17.59	-32.24	27188284	Downward Expansion	-46	37
2024-10-25	14.91	17.75	-32.69	24011832	Downward Expansion	-45	32
2024-10-18	13.69	17.90	-38.09	18570745	Downward Expansion	-52	38
2024-10-11	13.69	18.13	-37.90	26894661	Downward Expansion	-53	42
2024-10-04	15.92	18.37	-31.11	7895984	Downward Expansion	-51	46
2024-09-27	14.79	18.64	-31.37	17105848	Downward Expansion	-64	60
2024-09-20	13.07	18.85	-32.21	6609100	Downward Expansion	-71	71
2024-09-13	13.24	19.05	-31.21	10040502	Downward Expansion	-72	89
2024-09-06	13.93	19.20	-29.86	18463435	Downward Expansion	-68	88
2024-08-30	13.64	19.36	-33.85	20494637	Downward Expansion	-71	89
2024-08-23	13.02	19.61	-37.88	20538286	Downward Expansion	-84	94
2024-08-16	13.92	19.92	-34.85	20584641	Downward Expansion	-84	83
2024-08-09	14.51	20.17	-32.28	47007990	Rotation Down	-66	47
2024-08-02	17.48	20.59	-20.12	11175420	Rotation Down	-13	21
2024-07-26	23.30	21.01	6.42	6299120	Rotation Up	46	69
2024-07-19	23.63	21.14	4.59	10551280	Rotation Up	52	61
2024-07-12	22.80	21.26	1.14	13219020	Balance	36	28
2024-07-05	20.68	21.30	-7.84	7693543	Balance	-8	7
2024-06-28	20.39	21.41	-10.03	5651472	Balance	-9	12
2024-06-21	20.59	21.53	-10.55	7759824	Balance	-6	18
2024-06-14	20.46	21.67	-12.33	3069123	Balance	-6	21
2024-06-07	21.12	21.82	-10.37	8654448	Balance	-4	17
2024-05-31	21.52	21.97	-10.10	9796808	Downward Expansion	-14	15
2024-05-24	20.70	22.14	-13.84	12225296	Downward Expansion	-35	20
2024-05-17	19.52	22.26	-20.77	8136898	Downward Expansion	-43	31
2024-05-10	18.81	22.43	-24.07	7885600	Downward Expansion	-56	44
2024-05-03	19.28	22.63	-21.38	8135100	Downward Expansion	-59	60
2024-04-26	18.75	22.77	-23.66	7411280	Downward Expansion	-62	67
2024-04-19	17.85	22.99	-27.39	14328608	Downward Expansion	-71	72
2024-04-12	17.74	23.29	-27.47	7612331	Downward Expansion	-70	60
2024-04-05	19.42	23.57	-22.48	3698788	Downward Expansion	-60	37
2024-03-29	19.61	23.84	-21.48	6113282	Downward Expansion	-47	25
2024-03-22	20.65	24.14	-18.22	8014830	Downward Expansion	-40	21
2024-03-15	20.64	24.38	-19.18	18024917	Downward Expansion	-43	25
2024-03-08	24.08	24.59	-6.31	13855579	Downward Expansion	-51	35
2024-03-01	21.25	24.61	-17.39	11412300	Downward Expansion	-64	70
2024-02-23	18.96	24.76	-26.40	7221829	Downward Expansion	-68	80
2024-02-09	17.65	25.00	-28.97	11965732	Downward Expansion	-80	84
2024-02-02	18.75	25.33	-21.73	14838720	Downward Expansion	-79	77
2024-01-26	21.26	25.62	-17.41	13412510	Balance	-68	49
2024-01-19	22.20	25.83	-12.12	13875188	Balance	-57	34
2024-01-12	21.48	26.06	-17.06	29815518	Rotation Up	-38	19
2024-01-05	27.01	26.19	1.69	17071323	Rotation Up	18	34
2023-12-29	30.29	26.18	11.73	7499244	Balance	41	49
2023-12-22	27.19	26.09	2.05	6451512	Balance	-2	9
2023-12-15	27.12	26.08	0.35	7558091	Downward Expansion	-21	14
2023-12-08	24.05	26.10	-12.23	4198916	Downward Expansion	-58	50
2023-12-01	23.97	26.21	-14.96	2985358	Downward Expansion	-58	45
2023-11-24	23.87	26.35	-16.31	3257300	Downward Expansion	-60	32
2023-11-17	25.01	26.53	-13.50	4246400	Downward Expansion	-37	17
2023-11-10	24.92	26.77	-14.24	3446318	Downward Expansion	-39	20
2023-11-03	25.66	27.05	-12.64	4598265	Downward Expansion	-37	21
2023-10-27	26.58	27.19	-10.29	7650744	Downward Expansion	-48	29
2023-10-20	24.31	27.27	-17.91	3309581	Downward Expansion	-63	66
2023-10-13	24.48	27.56	-20.94	3718404	Downward Expansion	-64	68
2023-09-29	25.01	27.90	-20.60	6355300	Downward Expansion	-58	63

Price vs TrendBelow-2.2%

Trend directionFalling-13.4%

Price vs current Fair ValuePremium+9.5%

Fair Value directionMoving away-5.3%

Relative Strength vs benchmarkLagging-6.6%

Relative strength directionImproving+2.8%

Price momentumNegative-12.2%

Volume balanceDemand-led1.07×

Beyond the current label

Is the structure strengthening or losing force?

Direction and energy measure different things

Direction shows the upward or downward lean. Energy shows the force behind the structural move: high energy can accompany a strong decline as well as an advance.

Direction

-19 / ±100

+45.6 points since 2026-09-11

Energy

19 /100

-37.1 points since 2026-09-11

Recent change compares the latest reading with four observations earlier. Missing readings remain unavailable. Use the chart values above to inspect individual observations.

603665 Directional State ↗

Comparative structural evidence

Why this architecture regime won

Every regime is evaluated

Balance42

Rotation Up34

Upward Expansion22

Deceleration44

Rotation Down22

Downward Expansion58

The winning regime is the state most consistent with the complete SM evidence set. Direction, energy, maturity and confidence describe different aspects of the current structure, while contradictory evidence remains visible rather than being averaged into false certainty.

Time spent in each state

The context behind today’s regime

2023-09-29 to 2026-10-09 · 156 classified observations out of 156 shown.

Balance 13%Rotation Up 3%Upward Expansion 30%Deceleration 8%Rotation Down 4%Downward Expansion 42%

Recent Trend Architecture ledger

Regime	Recognized	Last observation	Tenure	Move inside regime
Downward Expansion	2026-05-29	2026-10-09	Established	-6.6%
Deceleration	2026-05-15	2026-05-22	New	-0.1%
Rotation Down	2026-04-17	2026-05-08	New	+8.7%
Deceleration	2026-03-13	2026-04-10	Developing	-10.5%
Upward Expansion	2025-11-21	2026-03-06	Established	-0.7%
Deceleration	2025-10-10	2025-11-14	Developing	+18.8%
Upward Expansion	2025-02-28	2025-10-03	Extended	+58.4%
Balance	2025-02-07	2025-02-21	New	+24.0%
Downward Expansion	2025-01-17	2025-01-31	New	+13.0%
Balance	2024-11-29	2025-01-10	Developing	-21.4%
Downward Expansion	2024-08-16	2024-11-22	Established	+17.8%
Rotation Down	2024-08-02	2024-08-09	New	-17.0%
Rotation Up	2024-07-19	2024-07-26	New	-1.4%
Balance	2024-06-07	2024-07-12	Developing	+8.0%

Classic Stage Analysis comparison

Stage 1 · Basing46

Stage 2 · Advancing8

Stage 3 · Distribution40

Stage 4 · Declining92

Legacy result: Stage 4 · Stage 4B · Declining. It remains visible while the experimental architecture is validated rather than being silently discarded.

Leadership versus 000001.SS

Is relative performance confirming the geometry?

Confirmation, not classification

Relative Strength

The security is compared with its market benchmark on the SM scale. Above zero indicates relative leadership; direction shows whether that leadership is improving or weakening.

Confirmation evidence

Lagging benchmark

Architecture confirmation: 72/100
Current Relative Strength: -6.60
Relative Strength direction: Improving
Price momentum: -12.2%
Excess performance vs benchmark: -7.9%
Consumer Cyclical regime cohort: 20th percentile151 in cohort

Test 603665 trend persistence

Participation and structure

Is demand confirming the architecture?

Volume cannot overrule geometry

Relative volume1.52×

Latest completed volume relative to typical participation.

Up/down volume1.07×

Participation balance between advancing and declining observations.

Accumulation / distribution3 / 2

Recent participation evidence classified by demand and supply.

Activity alignment+25.0%

Current positive alignment across Activity and Trend.

Fast/slow rotationImproving

Current relationship between Fast Activity and Slow Activity.

Structure stability+12.5%

Whether recent Activity evidence is stable or remains in balance.

Weekly volume with architecture context

Bars show completed weekly volume; the dashed line provides typical-volume context. Both measures use the same scale.

Explore 603665 Volume & Price ↗

Decision architecture

References that would change the structural read

Evidence levels, not orders

Fast Activity CNY 23.32rising

Slow Activity CNY 24.10falling

Trend Reference CNY 25.62-2.2% close margin

Current Fair Value CNY 22.90+9.5% close margin

Structural low CNY 19.90shock / repair context

What changes the read?

Fan contraction and a persistent upward fast/slow rotation are required before the declining structure is considered repaired.

Range context +7.6%

Annualized volatility +45.4%

From structural high -38.2%

From structural low +26.0%

Point-in-time evidence

What followed this architecture in this market?

Descriptive history, never a forecast

Historical comparisons use only the structural read that would have been available at each completed observation. Independent observations are used where possible, with benchmark comparison beginning after each recognized state.

Outcome horizon	Samples	Median move	Positive periods	Directional follow-through	Median excess vs 000001.SS	Regime survived	Read
Near term	31	-1.9%-19.3% to +77.9%	+45.2%	+54.8%	-1.4%	+83.9%	Usable descriptive sample
Intermediate	11	-7.8%-36.6% to +81.2%	+45.5%	+54.5%	-10.5%	+72.7%	Usable descriptive sample
Extended	6	-10.9%-29.5% to +179.9%	+33.3%	+66.7%	-8.0%	+50.0%	Usable descriptive sample
Full cycle	4	+70.1%-37.9% to +256.5%	+50.0%	+50.0%	+54.0%	+25.0%	Too little matched history

Evidence framework

What the analysis measures and where its limits lie

Trend Architecture

Trend Architecture brings Price, Fast Activity, Slow Activity and Trend into one structural read. It identifies balance, rotation, expansion, deceleration and contraction while requiring persistent evidence for confirmed regime changes.

Evidence roles

Trend, Activity, relative strength, volume and Fair Value each have a defined role in the SM evidence framework. No single reading is treated as sufficient on its own, and conflicting evidence remains visible.

Fair Value and RS

Current Fair Value provides a long-term price anchor and shows whether price is trading above, below or repairing toward that reference. Relative Strength compares the security with its benchmark and shows whether leadership is improving or weakening.

Known limitations

Weekly structure recognizes conditions after they develop. Event gaps can bypass smooth transitions, sideways markets can rotate repeatedly, and historical samples for a particular regime can be thin.

Independent market research for education. Not investment advice, a recommendation, a forecast, a target, or an execution instruction. Historical regime behaviour does not establish what happens next.

603665 Stage Analysis

What the Activity Line geometry says now

The weekly architecture is expanding downward.

Weekly close, Activity, Trend and Fair Value

Is the structure strengthening or losing force?

Direction

Energy

Why this architecture regime won

The context behind today’s regime

Is relative performance confirming the geometry?

Relative Strength

Lagging benchmark

Is demand confirming the architecture?

Weekly volume with architecture context

References that would change the structural read

What followed this architecture in this market?

What the analysis measures and where its limits lie

Trend Architecture

Evidence roles

Fair Value and RS

Known limitations

Send a message

Evidence context

What the Activity Line geometry says now

The weekly architecture is expanding downward.

Weekly close, Activity, Trend and Fair Value

Is the structure strengthening or losing force?

Direction

Energy

Why this architecture regime won

The context behind today’s regime

Is relative performance confirming the geometry?

Relative Strength ?

Lagging benchmark

Is demand confirming the architecture?

Weekly volume with architecture context

References that would change the structural read

What followed this architecture in this market?

Test the structure from another angle

Trend Persistence ↗

Directional State ↗

Similar Charts ↗

RMI Reversal Map ↗

What the analysis measures and where its limits lie

Trend Architecture

Evidence roles

Fair Value and RS

Known limitations

Relative Strength

Trend Persistence

Directional State

Similar Charts

RMI Reversal Map